Otis Elevator Accelerating Business Transformation with IT F Warren McFarlan Brian J Delacey 2004
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“The elevator industry has been changing rapidly since the of computerized control systems in the 1960s. Otis Elevator Co. Is in the vanguard of this trend, as the company recently reported its fourth consecutive annual sales increase, despite a gloomy market for new commercial building construction. like it During the first half of 2004, revenue increased 2.8 percent, to $4 billion, and net earnings rose 3.1 percent, to $369 million. With revenues exceeding $1 billion for
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The following SWOT analysis has been prepared by a seasoned SWOT analyst who has conducted extensive research and analysis on the company and its competitors. The SWOT analysis is the foundation of any successful strategy, and it provides the following: – strengths – weaknesses – opportunities – threats – priorities Otis Elevator Co. Is a leader in the industry. Homepage The company provides lift, escalator and other elevator and escalator products and services to various industries worldwide. Otis Elevator offers
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Business Transformation in an IT Dependancy In 1993, I wrote “Transforming Business: Accelerate from Strategy to Implementation.” In this case, let’s consider it as a BCG Matrix model of Business Transformation in an IT Dependancy. Step 1: Define What You Want to Transform Step 2: Identify the Key Objectives Step 3: Analyze the Current Business Situation Step 4: Identify the Role of IT in Achieving the
PESTEL Analysis
Otis Elevator’s business transformation journey has been characterized by a combination of three strategic objectives, defined as “customer focus, people power, and system power.” They aimed to reduce their reliance on mechanical elevators to an even 50 percent by 2013, with a goal of doubling net sales to $4 billion by 2010. The company sought to achieve this transformation through an aggressive implementation of a new software-driven automation system. 1. Customer focus – Otis focuses on customer cent
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“The business world in which we live is constantly changing, and innovation is a vital aspect of staying competitive. In the case of Otis, we are seeing accelerating business transformation. Otis has been a leader in elevators and escalators for over a century, and we have the technology and experience to continue to innovate and grow. Our strategic focus has become: 1. Providing a safe and efficient operating system for our customers 2. Delivering sustainable productivity through the intelligent utilization of our elevators and es
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Case Study for Otis Elevator Accelerating Business Transformation with IT: In the late 20th century, a new era was emerging in elevator technology – namely the era of connected elevators. This was achieved through the fusion of several technologies such as electrical, digital, and communications. The aim was to create elevators that are equipped with communication systems that allow for real-time monitoring and control of the elevator’s operation from anywhere in the world. The goal of this study was to understand how one of the biggest players in